Three-Unit Storefront Retail
5613 S San Vicente Blvd Los Angeles, CA 90019
5613 S San Vicente Blvd, Los Angeles, CA, 90019
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For Sale
Contact for pricing
Three-unit storefront retail is 100% occupied, with an on-site billboard on a month-to-month lease.
Property Size4,600 SF
Price / SF$451.09
Days on Market112
Property Features for 5613 S San Vicente Blvd
General Information
- Standard status
- Active
- Size
- 4,600 SF
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Encino
(818) 212-2794
Listed by
Steve Schechter · License #CA 01089464
Source
Crexi
Added: Apr 3 Updated: Jul 22 at 7:42PM Checked: Jul 22 at 7:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Encino
Investment Insights
Based on property information with market context.
5613 San Vicente Boulevard is a 4,600 SF, three-unit storefront retail asset on approximately 0.11 acres at the northeast corner of San Vicente Boulevard and Carmona Avenue. The property is currently 100% occupied by a curated mix of local operators, including an artist studio, a boutique clothing retailer, and a drama studio operated by ownership. At the close of escrow, ownership intends to execute a sale-leaseback with flexibility to remain in place or relocate within the building.
Two of the units are on short-term leases, paying $2,000/month and $2,500/month, respectively, under modified gross terms where tenants are responsible for utilities and trash. In addition, the property includes an on-site billboard generating $600/month on a month-to-month lease.
Located along San Vicente Boulevard in Los Angeles’ Miracle Mile submarket, the asset benefits from traffic counts exceeding 30,000 vehicles per day and is approximately 0.6 miles north of Wilshire Boulevard’s Miracle Mile corridor. Nearby cultural and visitor destinations include LACMA, the Academy Museum of Motion Pictures, the Petersen Automotive Museum, and the La Brea Tar Pits. The property also sits near the Metro D Line (Purple Line) Extension, providing direct connectivity to Downtown Los Angeles, Beverly Hills, and Westwood.
Two of the units are on short-term leases, paying $2,000/month and $2,500/month, respectively, under modified gross terms where tenants are responsible for utilities and trash. In addition, the property includes an on-site billboard generating $600/month on a month-to-month lease.
Located along San Vicente Boulevard in Los Angeles’ Miracle Mile submarket, the asset benefits from traffic counts exceeding 30,000 vehicles per day and is approximately 0.6 miles north of Wilshire Boulevard’s Miracle Mile corridor. Nearby cultural and visitor destinations include LACMA, the Academy Museum of Motion Pictures, the Petersen Automotive Museum, and the La Brea Tar Pits. The property also sits near the Metro D Line (Purple Line) Extension, providing direct connectivity to Downtown Los Angeles, Beverly Hills, and Westwood.
Key Highlights
- 3‑unit storefront retail asset totaling 4,600 SF on 0.11 acres at the northeast corner of San Vicente Blvd and Carmona Ave
- Currently 100% occupied with local operators including an artist studio, boutique clothing retailer, and a drama studio
- Two tenants on short‑term modified gross leases paying $2,000/month ($1.60/SF) and $2,500/month ($2.00/SF); tenants pay utilities and trash
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.0k | $36.96 |
| − Vacancy | −$17.5k | −$3.81 |
| EGI | $152.5k | $33.15 |
| − OpEx | −$45.8k | −$9.95 |
| NOI | $106.8k | $23.21 |
4,600 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.33M – $1.78M
NOI $106,753 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$93.19M
$81.54M – $108.73M
NOI $6,523,527 @ 7.0% cap · market cap 314.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Three-unit storefront retail is 100% occupied, with an on-site billboard on a month-to-month lease.
Where is this storefront property located?
The property is located at 5613 S San Vicente Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,075,000.
What are key features of this property?
This property features: 3‑unit storefront retail asset totaling 4,600 SF on 0.11 acres at the northeast corner of San Vicente Blvd and Carmona Ave; Currently 100% occupied with local operators including an artist studio, boutique clothing retailer, and a drama studio; Two tenants on short‑term modified gross leases paying $2,000/month ($1.60/SF) and $2,500/month ($2.00/SF); tenants pay utilities and trash
